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TOPIC -97

R & D in India

Quick Points to Remember
• R and D is necessary for economic growth
• India stands at 60 position in GII, 2017
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• Highest R and D investments in IT sector
• Global innovation hub by 2020
• Still less proportion of GDP allocated.

Introduction

Every economy is dynamic and has changing needs according to the changes in
environment. Innovations through research and development are therefore
indispensable for individuals as well as for the economy to move forward. Many
economists have emphasized the positive relation between R and D and growth of
the economy.

India has brilliant human assets continuously engaged in research and development.
Key Points

• R & D can be for manufacturing industries or in the form of applied research
• The costs of R & D are high and involve huge capital expenditures.
th
• In 2017 India held the 60 position in the Global Innovation Index. Thanks to
the R 7 D in India.
• The department of Scientific and industrial research tells about the extent of
R and D carried out in India.
• Among the countries that contribute the maximum to research, India stands
second.
• Agriculture, Engineering, science, pharmaceuticals etc. are sectors with most
extensive research and development.
• By 2020, India is expected to become the Global Innovation hub.
• Status of R and D In India

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